[2] An elevator operator Harry Smith (Hal Le Roy), who works in a luxury hotel, courts the hotel president's daughter June Dailey (June Allyson).
She is engaged to another, but when her fiancé leaves on a business trip, Harry asks her to join him for dinner.
June's fiancé returns and breaks off the engagement, thinking that his prospective father-in-law has lost everything on a worthless stock.
However, the investment turns out to be wildly profitable, Harry and June are engaged, and the film ends with them tap-dancing away in a production number dominated by a giant stock ticker machine.
Ups and Downs appears as a special feature on the 2005 DVD of the film Stage Door.